Victory Select Fund Market Value
| VFSAX Fund | USD 29.22 0.06 0.21% |
| Symbol | VICTORY |
Victory Select 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Victory Select's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Victory Select.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Victory Select on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Victory Select Fund or generate 0.0% return on investment in Victory Select over 720 days. Victory Select is related to or competes with Vanguard Developed, Vanguard Emerging, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and 70082LAB3. The fund employs an indexing investment approach designed to track the performance of the index More
Victory Select Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Victory Select's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Victory Select Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.48 |
Victory Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory Select's standard deviation. In reality, there are many statistical measures that can use Victory Select historical prices to predict the future Victory Select's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.07) |
Victory Select Backtested Returns
Victory Select owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0644, which indicates the fund had a -0.0644% return per unit of risk over the last 3 months. Victory Select Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Victory Select's Variance of 0.5811, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,194) to confirm the risk estimate we provide. The entity has a beta of 0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Victory Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Victory Select is expected to be smaller as well.
Auto-correlation | 0.08 |
Virtually no predictability
Victory Select Fund has virtually no predictability. Overlapping area represents the amount of predictability between Victory Select time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Victory Select price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Victory Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.24 |
Victory Select lagged returns against current returns
Autocorrelation, which is Victory Select mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Victory Select's mutual fund expected returns. We can calculate the autocorrelation of Victory Select returns to help us make a trade decision. For example, suppose you find that Victory Select has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Victory Select regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Victory Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victory Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Victory Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Victory Select Lagged Returns
When evaluating Victory Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victory Select mutual fund have on its future price. Victory Select autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Victory Select autocorrelation shows the relationship between Victory Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Victory Select Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in VICTORY Mutual Fund
Victory Select financial ratios help investors to determine whether VICTORY Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in VICTORY with respect to the benefits of owning Victory Select security.
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